Tomoe Balance Sheet Health
Financial Health criteria checks 5/6
Tomoe has a total shareholder equity of ¥53.0B and total debt of ¥10.8B, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are ¥78.9B and ¥25.9B respectively. Tomoe's EBIT is ¥3.4B making its interest coverage ratio -4.9. It has cash and short-term investments of ¥11.1B.
Key information
20.4%
Debt to equity ratio
JP¥10.83b
Debt
| Interest coverage ratio | -4.9x |
| Cash | JP¥11.14b |
| Equity | JP¥52.98b |
| Total liabilities | JP¥25.94b |
| Total assets | JP¥78.92b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1921's short term assets (¥27.8B) exceed its short term liabilities (¥14.1B).
Long Term Liabilities: 1921's short term assets (¥27.8B) exceed its long term liabilities (¥11.8B).
Debt to Equity History and Analysis
Debt Level: 1921 has more cash than its total debt.
Reducing Debt: 1921's debt to equity ratio has increased from 12.4% to 20.4% over the past 5 years.
Debt Coverage: 1921's debt is well covered by operating cash flow (20.4%).
Interest Coverage: 1921 earns more interest than it pays, so coverage of interest payments is not a concern.